Pennsylvania HB1214 amends the General County Assessment Law to provide a temporary tax exemption for residential construction.

Pennsylvania HB1214 amends the General County Assessment Law to provide a temporary tax exemption for residential construction. New single and multiple dwellings constructed for residential purposes and improvements to existing unoccupied dwellings or structures for conversion to dwellings will not be valued or assessed for real property taxes until they are occupied, conveyed to a bona fide purchaser, or thirty months or the commencement of improvement, whichever is later, from the date construction commenced.

Pennsylvania HB1214 amends the General County Assessment Law to provide a temporary tax exemption for residential construction.

Pennsylvania HB1214 amends the General County Assessment Law to provide a temporary tax exemption for residential construction. New single and multiple dwellings constructed for residential purposes and improvements to existing unoccupied dwellings or structures for conversion to dwellings will not be valued or assessed for real property taxes until they are occupied, conveyed to a bona fide purchaser, or thirty months or the commencement of improvement, whichever is later, from the date construction commenced.